The government wants to make it easier for self-employed workers to save into personal pension schemes. A consultation paper published today suggests that employers could offer employees automatic enrolment into a scheme run by the National Employment Savings Trust (Nest), where contributions are matched by the employer. This would allow employees to put aside up…
If you are self-employed, it might seem like you don’t pay tax on your car expenses. But there are some rules about what you can claim for your car expenses, and how much you can claim. This guide explains everything you need to know about claiming for your car expenses. What qualifies as a business…
Mileage claim for the self-employed If you work for yourself, you can claim mileage allowances for the usage of your own vehicle for business purposes. HM Revenue & Customs (HMRC) provides two methods you can do this. You can claim mileage at a fixed rate, or claim all the actual business expenses incurred by your…
AI and automation are improving business, the economy, and society. The world is facing some big challenges – including climate change, poverty, and disease. But there are solutions to many of these issues. And one of those solutions is artificial intelligence (AI). In fact, we’re already seeing how AI is improving our lives. For example,…
The process of registering a company name to the UK’s Register of Companies is fairly straightforward. However, there are some steps you must take to ensure that your application is successful. You cannot simply fill out a blank form and send it off to the registrar. There are several things that you must do yourself,…
A company secretary is a person appointed to manage the affairs of a limited liability company (LLC). They act as a liaison between the directors and the rest of the organisation. The role of a company secretary differs depending on whether the company is incorporated or unincorporated. In both cases, the company secretary keeps records…
The government says it wants everyone to register for Self Assessment, but some people are still missing out. If you earn less than £100,000 a year, you don’t need to do anything – just keep paying the standard amount of Income Tax. But if you make over £100,000 a YEAR, you’ll want to check whether…
Registering as self-employed is easy if you’re just starting out. You don’t even need to fill out a form – it’s done automatically once you submit your application. If you want to change jobs, simply update your profile and let us know about it. We’ll make sure your information gets updated. There’s no limit to…
The Government has announced that it will no longer accept retrospectively withdrawn regional National Insurance contributions (NICs). This means that employers who withdrew their NICs during the 2016/17 tax year will not be able to reclaim those payments. If you are eligible for a refund, you will receive it within 12 months of submitting your…
The government has announced changes to the way it calculates national insurance contributions (NICs). The changes mean that people earning less than £16,250 each year will pay less NICs than under current rules. This applies to both employees and self-employed workers. There are three main NIC classes: Class 1 – Earnings up to £8,060 per…